Nigerian Energy Forum Idea Competition for Entrepreneurs

About the Award: The Africa Energy Ideas Competition is for early-stage business ideas. Across Africa, the key energy challenge is how to electrify millions of households, remote communities and small-scale entrepreneurs as quickly as possible. The 2018 Africa Energy Innovation Competiton is set to accelerate the development of early-stage energy firms across Africa. Across Africa, the main energy challenge is to rapidly deliver modern energy services to millions of households and businesses using sustainable and affordable energy technologies. This competition challenges early-stage energy entrepreneurs from Africa to collaborate with local research institutions or industries to develop a prototype model of a key device/equipment for a social energy enterprise or energy management system using local resources.The NEF invites applications for the 2018 Africa Energy Ideas Competition that is set to accelerate the development of early-stage energy firms across Africa.

Program Timeline for applications:

Deadline for proposal submission: 20thFebruary, 2018

Announcement of submissions selected for the final round: 4th March, 2018

Deadline for final submissions: 23rdMarch, 2018

Announcement of winners: 17thApril, 2018.

Eligible Countries: African countries

To Be Taken At (Country): Lagos, Nigeria

Type: Contest, Entrepreneurship

Eligibility/requirements : Young professionals between the ages of 18 and 35 years from Africa are invited to participate in the competition and nominate a relevant local research institution or organization. Applications may be submitted by a team of up to three people. At least 1 member of the team must be from the local research institution or industry. Teams may be formed across different schools, institutions, companies, countries etc. Individuals or teams may submit multiple applications.

Value of Award: The finalists and winners will be selected by a panel of academics and experienced development professionals from public and private sector institutions. Winners of the competition get the opportunity to:

⇒ Pitch their proposed prototype model at the 2018 Nigeria Energy Forum, in Lagos, Nigeria, using a poster and short video.

⇒ Benefit from unique networking opportunities with other young leaders as well as some of the most senior decision-makers in government, international development, academia and the private sector.

⇒ Attend a range of business development workshops, receive support from a dedicated start-up incubator and a cash prize of up to $3,000 to demonstrate the proposed solution.

How to Apply: Your proposed prototype model submission must not exceed 1-side of an A4 page and should include the following:

Project Title

Your solution (250 words)

Partner Institution or Industry

Expected impact (50 words)

Short abstract (50 words)

Design tools and method (50 words)

Problem Statement (50 words)

Estimated costs and timeline (50 words)

Submissions must be in Microsoft Word or PDF format by email to info@thenef.org.

The subject line of the email should follow the format: [Country] Title of the Project.

Submissions that exceed the word count may be disqualified. Shortlisted submissions would be invited to participate in the final round by submitting a 1-page poster to summarize their design, with a detailed budget, 2-page Design Brief, and a Short 2-minute video to describe a prototype model of the proposed solution.

Selection Criteria: The first round of submissions will be evaluated using the following attributes:

Local Content: utilize local resources, demonstrate the use of local expertise, alternative energy services or efficient solutions for powering agriculture, education, healthcare, industries etc.; and be significant enough to impact large numbers of people, households and/or businesses.

Originality and creativity: present solutions that are original, creative in areas that are either underdeveloped or severely underdeveloped in research and literature.

Commercial Viability: proposed prototype model should be realistic, practical rather than just theory, cost-efficient and outline commercial arrangements that address obvious roadblocks, using a specific prototype model.

Clarity: ideas should be presented in a clear and concise manner with realistic completion timeline.

Disclaimer: By participating, applicants accept and understand the contest guidelines and agree to the decisions made by the judges; and to release, discharge or hold the Nigeria Energy Forum Committee from all claims arising from their participation in the contest. Participants also release the rights to their entries upon submission. The NEF team reserve the right to make changes to the contest

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